Trappe, MD housing market
The typical Trappe home is worth about $414,000, down 3% in a year, close to the Maryland typical home. Homes typically sell in 78 days, below asking.
Home values, sales, trends and how Trappe compares with the towns next door — updated as new data is published.
Trappe at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Trappe | Maryland |
|---|---|---|
| 2017 | $289,000 | $290,000 |
| 2018 | $294,000 | $301,000 |
| 2019 | $300,000 | $310,000 |
| 2020 | $313,000 | $322,000 |
| 2021 | $345,000 | $349,000 |
| 2022 | $388,000 | $384,000 |
| 2023 | $391,000 | $398,000 |
| 2024 | $414,000 | $412,000 |
| 2025 | $438,000 | $427,000 |
| 2026 | $426,000 | $429,000 |
| August 2026 | $414,000 | $428,000 |
94 new homes permitted in 2025
Builders were permitted 94 new homes in Trappe in 2025, all single-family houses, worth about $18.8 million to build. That's 89 per 1,000 residents, faster than across Maryland (2.4). Over the past 10 years, Trappe has permitted 257 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Trappe gained 100 residents while 11 new homes were permitted: about 9.1 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Maryland: 2.5 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 16 | 16 | 0 | $4.2 million |
| 2025 | 94 | 94 | 0 | $18.8 million |
| 2024 | 22 | 22 | 0 | $5.2 million |
| 2023 | 53 | 53 | 0 | $13.6 million |
| 2022 | 72 | 72 | 0 | $18.3 million |
| 2021 | 6 | 0 | 6 | $1 million |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 4 | 2 | 2 | $395,000 |
| 2018 | 2 | 2 | 0 | $350,000 |
| 2017 | 2 | 2 | 0 | $270,000 |
| 2016 | 2 | 2 | 0 | $230,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $78,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $121,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 5 | 5 | 0 | $591,000 |
| 2006 | 4 | 4 | 0 | $1.3 million |
| 2005 | 7 | 7 | 0 | $696,000 |
| 2004 | 11 | 11 | 0 | $1 million |
| 2003 | 9 | 9 | 0 | $840,000 |
| 2002 | 7 | 7 | 0 | $525,000 |
| 2001 | 2 | 2 | 0 | $235,000 |
| 2000 | 3 | 3 | 0 | $237,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.8 years of income
The typical Trappe home costs about 6.8 years of the town's median household income, more than across Maryland (4.1 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,440
HUD's Fair Market Rent for a two-bedroom in Trappe is $1,440 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Trappe pay a median of $1,330. A two-bedroom takes about 28% of the town's median household income.
Studio $1,230 · 4 bedrooms $2,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (21673; Talbot County, MD), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Trappe
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.